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JPMorgan plans capped buffered notes due 2014 on gold, silver funds
By Susanna Moon
Chicago, Oct. 11 - JPMorgan Chase & Co. plans to price 0% capped buffered notes due April 29, 2014 linked to a basket of two equally weighted funds, according to an FWP filing with the Securities and Exchange Commission.
The underlying funds are the SPDR Gold Trust and the iShares Silver Trust.
The payout at maturity will be par plus any gain in the basket, up to a maximum return of 11.6% to 14.6%. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the underwriter.
The notes will price on Oct. 24 and settle on Oct. 29.
The Cusip number is 48126DDP1.
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